Debtocracy*

Strapped countries, a crisis, one hole up front and one destination: the debt. On
International System is possible to see a close system. This term close system refers
that no matter what one country, one transnational company, one ideology do, they
are in a close system, and any actions made by an international actor will affect the
others. The economic crisis is a reflex of this. If one actor like Greece was not
responsible for his own economy, if the country cradle of democracy cannot do anything
about his debt, the other countries will suffer. Moreover, this have effects in a
systemically level.
Thus, begins a many plans to try rescuing this actor from the hole of debt. On
this scenario appears the creditors, ally countries lending funds to recover a country.
This seems to be the first thing that the International System makes to not let the disease
spread. Doing this they fill the public vaults to support on the crisis, avoid distrust and
avoid the risk of low investment; however, this measures are just temporary.
One popular saying: do not blame the doctor if you do not like the medicine, he
is there to help. The point is if this medicine is not the best cure? The credit system was
born when the Capitalism world do not see a way out to those who not have enough
funds to buy products. The credit system create a ditch between de creditor and the
debtor. Does not matter if the debtor has the funds to pay, the credit system is only
preoccupied in borrow the money. However if the taxes are regulated, if the tax are
adjusted to the situation and flexible to pay, the credit system becoming a brilliant
solution.
This way, Alexander Sack was the founder of the term odious debt this refers
to a loan that was make without the concerns of the population, a loan that was not spent
in something that benefits the citizens and the creditor knows these situations, but
prefers not to look. In these terms is necessary see if it the loan was make in these
conditions, if it is, the debt, according with Sack, must to be clean. Just lend seems not
to be the only way, but lend in the way that makes the economy spin and grow. On
Greece, for instance, many funds were borrowed however, when they stop to lend, the
economy could not do anything to hold their country on foot.

* On the title: It is a neologism between debt and democracy since Greece is the cradle of democracy.